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8-K filed July 31, 2023, 7:59 PM ET ticker RGCO CIK 0001069533

debt confidence high sentiment neutral materiality 0.20

RGC Midstream credit facility maturity extended to Dec 2024; rate spread raised to 2.00%

RGC RESOURCES INC

Maturity date extended to December 31, 2024 (from unspecified prior date).
Applicable margin increased from Term SOFR + 1.50% to Term SOFR + 2.00%.
Commitment fee of $15,000 paid to lenders Atlantic Union Bank and Truist Bank.
Guaranty by RGC Resources, Inc. reaffirmed and remains in full force.
Loan party representations updated as of fiscal year-end Sept 30, 2023.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

RGC RESOURCES INC amended Fifth Amendment to Credit Agreement with Atlantic Union Bank and Truist Bank (effective 2023-07-28).

Action: amendment
Agreement: credit facility
Counterparty: Atlantic Union Bank and Truist Bank
Effective: 2023-07-28

Exact text from the filing

entered into the Fifth Amendment to Credit Agreement (the "Amendment") with Atlantic Union Bank and Truist Bank (collectively the "Banks").

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RGC RESOURCES INC filing history →

Source: SEC EDGAR

accession 0001437749-23-021184

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